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FxWirePro: ASX200 trades well above 5200, good to buy at dips

  • Major resistance - 5220 (55 W EMA)
  •  
    ASX200 has broken major resistance 5220 and jumped till 5290 at the time of writing. It is currently trading at 5275.
     
  • Short term trend is slightly bullish as long as support 5200 holds.
     
  • On the higher side any break above 5300 will take the index to 5330/5375.
     
  • The major intraday  support is around 5250 and any break below major support 5200/5150.

​ It is good to buy at dips around 5180 with SL around  5145 for the TP of 5225/5275

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